Mondrian US Small Cap Equity
Name
As of 07/07/2022Price
Aum/Mkt Cap
YIELD
Exp Ratio
Watchlist
Vitals
YTD Return
-37.8%
1 yr return
-7.0%
3 Yr Avg Return
5.8%
5 Yr Avg Return
N/A
Net Assets
$1.54 M
Holdings in Top 10
27.2%
52 WEEK LOW AND HIGH
Expenses
OPERATING FEES
Expense Ratio 0.90%
SALES FEES
Front Load N/A
Deferred Load N/A
TRADING FEES
Turnover N/A
Redemption Fee N/A
Min Investment
Standard (Taxable)
$50,000
IRA
N/A
Fund Classification
Fund Type
Open End Mutual Fund
Name
As of 07/07/2022Price
Aum/Mkt Cap
YIELD
Exp Ratio
Watchlist
MPUSX - Profile
Distributions
- YTD Total Return -37.8%
- 3 Yr Annualized Total Return 5.8%
- 5 Yr Annualized Total Return N/A
- Capital Gain Distribution Frequency N/A
- Net Income Ratio 0.75%
- Dividend Yield 0.5%
- Dividend Distribution Frequency Annually
Fund Details
-
Legal NameMondrian U.S. Small Cap Equity Fund
-
Fund Family NameMondrian
-
Inception DateDec 17, 2018
-
Shares Outstanding134828
-
Share ClassOther
-
CurrencyUSD
-
Domiciled CountryUnited States
-
ManagerBrendan Baker
Fund Description
Under normal circumstances, the Fund invests at least 80% of its net assets, plus any borrowings for investment purposes, in equity securities of U.S. small-capitalization companies. This investment policy can be changed by the Fund upon 60 days’ prior written notice to shareholders. For purposes of the Fund’s 80% investment policy, equity securities do not include convertible securities that are not immediately convertible into equity securities.
Equity securities include, but are not limited to, common stocks, preferred stocks, convertible securities, private placements, rights and warrants, master limited partnerships (“MLPs”) and real estate investment trusts (“REITs”). Equity securities also include derivatives and other investment companies (including mutual funds, closed-end funds and exchange-traded funds (“ETFs”)) with economic characteristics similar to equity securities. To the extent that the Fund invests in convertible securities, those securities may have any credit rating. Typically, the Fund will hold 30-60 securities at any given time.
The Fund considers small-capitalization companies to be those with market capitalizations within the range of the market capitalizations of companies in the Russell 2000 Index at the time of purchase. While the market capitalization range of the Russell 2000 Index changes throughout the year, as of February 7, 2022, the market capitalization range of the Russell 2000 Index was between $6.2 million and $10.5 billion. The Fund considers a company to be a U.S. company if: (1) the company’s principal securities trading market is in the United States; (2) while traded in any market, alone or on a consolidated basis, the
company derives 50% or more of its annual revenues or annual profits from either goods produced, sales made or services performed in the United States; (3) the company has 50% or more of its assets located in the United States; or (4) the company is organized under the laws of, and has a principal office in, the United States.
The Fund may also purchase securities of non-U.S. issuers directly or indirectly in the form of American, European or Global depositary receipts or other securities representing underlying shares of non-U.S. issuers. The Fund may invest in securities issued in any currency and may utilize derivatives, principally forward foreign currency exchange contracts, to seek to hedge (i.e. offset) currency risk. In addition, the Fund may, from time to time, hold non-U.S. currencies in order to facilitate or expedite settlement of portfolio transactions, or to minimize the impact of currency value fluctuations.
Under normal circumstances, no more than 10% of the Fund’s assets will be invested in debt securities issued by governments or by their agencies, instrumentalities or political sub-divisions, or by corporate entities, all of which may be high-yield, high-risk fixed income securities rated lower than BBB by S&P and Baa by Moody’s or, if unrated, considered to be of equivalent quality by the Adviser.
The Adviser’s approach in selecting investments for the Fund is primarily oriented to individual stock selection and is value driven. In selecting stocks for the Fund, the Adviser identifies those stocks that it believes will provide capital appreciation over a market cycle. For this, the Adviser considers movements in the price of the individual security. The Adviser conducts fundamental research to identify securities that, in the Adviser’s opinion, have the potential for long-term capital appreciation. This research effort generally centers on a value-oriented dividend discount methodology with respect to individual securities and market analysis that isolates value across sectors. The Adviser’s general management strategy for the Fund emphasizes long-term holding of securities, although securities may be sold in the Adviser’s discretion without regard to the length of time that they have been held. The Adviser considers material environmental, social, and governance (“ESG”) factors as an integrated part of the investment process.
MPUSX - Performance
Return Ranking - Trailing
Period | MPUSX Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
YTD | -37.8% | -42.1% | 152.4% | 98.88% |
1 Yr | -7.0% | -24.5% | 51.1% | 25.40% |
3 Yr | 5.8%* | -12.3% | 21.0% | 96.07% |
5 Yr | N/A* | -5.0% | 13.7% | N/A |
10 Yr | N/A* | 3.9% | 14.3% | N/A |
* Annualized
Return Ranking - Calendar
Period | MPUSX Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
2023 | 14.7% | -71.0% | 40.4% | 31.21% |
2022 | -8.1% | -51.0% | 110.8% | 96.64% |
2021 | 23.4% | -54.6% | 350.1% | 29.53% |
2020 | N/A | -67.3% | 5.2% | N/A |
2019 | N/A | -62.1% | 36.3% | N/A |
Total Return Ranking - Trailing
Period | MPUSX Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
YTD | -37.8% | -61.4% | 152.4% | 98.72% |
1 Yr | -7.0% | -26.0% | 78.5% | 22.72% |
3 Yr | 5.8%* | -13.3% | 21.0% | 95.41% |
5 Yr | N/A* | -5.4% | 13.7% | N/A |
10 Yr | N/A* | 3.9% | 14.3% | N/A |
* Annualized
Total Return Ranking - Calendar
Period | MPUSX Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
2023 | 14.7% | -71.0% | 40.4% | 31.21% |
2022 | -8.1% | -51.0% | 110.8% | 96.64% |
2021 | 23.4% | -54.6% | 37.8% | 29.53% |
2020 | N/A | -67.1% | 7.8% | N/A |
2019 | N/A | -62.1% | 52.6% | N/A |
NAV & Total Return History
MPUSX - Holdings
Concentration Analysis
MPUSX | Category Low | Category High | MPUSX % Rank | |
---|---|---|---|---|
Net Assets | 1.54 M | 1.48 M | 120 B | 99.84% |
Number of Holdings | 49 | 2 | 2519 | 93.71% |
Net Assets in Top 10 | 477 K | 6 K | 4.6 B | 98.90% |
Weighting of Top 10 | 27.15% | 2.6% | 100.0% | 14.83% |
Top 10 Holdings
- Polyone 3.99%
- Luxfer Holdings PLC 3.36%
- Luxfer Holdings PLC 3.36%
- Luxfer Holdings PLC 3.36%
- Luxfer Holdings PLC 3.36%
- Luxfer Holdings PLC 3.36%
- Luxfer Holdings PLC 3.36%
- Luxfer Holdings PLC 3.36%
- Luxfer Holdings PLC 3.36%
- Luxfer Holdings PLC 3.36%
Asset Allocation
Weighting | Return Low | Return High | MPUSX % Rank | |
---|---|---|---|---|
Stocks | 99.14% | 25.32% | 100.32% | 31.92% |
Cash | 0.86% | -79.10% | 74.68% | 66.98% |
Preferred Stocks | 0.00% | 0.00% | 5.85% | 37.42% |
Other | 0.00% | -8.80% | 6.95% | 37.89% |
Convertible Bonds | 0.00% | 0.00% | 3.17% | 36.79% |
Bonds | 0.00% | 0.00% | 72.07% | 37.11% |
Stock Sector Breakdown
Weighting | Return Low | Return High | MPUSX % Rank | |
---|---|---|---|---|
Industrials | 42.38% | 2.46% | 42.38% | 0.16% |
Technology | 21.97% | 0.00% | 54.70% | 6.67% |
Consumer Cyclical | 10.50% | 0.00% | 47.79% | 61.11% |
Financial Services | 9.60% | 0.00% | 35.52% | 95.40% |
Basic Materials | 6.38% | 0.00% | 18.66% | 15.87% |
Real Estate | 5.47% | 0.00% | 29.43% | 68.41% |
Healthcare | 3.70% | 0.00% | 26.53% | 97.94% |
Utilities | 0.00% | 0.00% | 18.58% | 93.02% |
Energy | 0.00% | 0.00% | 37.72% | 95.56% |
Communication Services | 0.00% | 0.00% | 14.85% | 95.56% |
Consumer Defense | 0.00% | 0.00% | 18.87% | 99.52% |
Stock Geographic Breakdown
Weighting | Return Low | Return High | MPUSX % Rank | |
---|---|---|---|---|
US | 94.90% | 24.89% | 100.00% | 65.41% |
Non US | 4.24% | 0.00% | 36.31% | 16.51% |
MPUSX - Expenses
Operational Fees
MPUSX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
---|---|---|---|---|
Expense Ratio | 0.90% | 0.03% | 2.78% | 58.12% |
Management Fee | 0.80% | 0.00% | 1.50% | 66.46% |
12b-1 Fee | N/A | 0.00% | 1.00% | N/A |
Administrative Fee | N/A | 0.01% | 0.45% | N/A |
Sales Fees
MPUSX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
---|---|---|---|---|
Front Load | N/A | 0.00% | 5.75% | N/A |
Deferred Load | N/A | 1.00% | 5.00% | N/A |
Trading Fees
MPUSX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
---|---|---|---|---|
Max Redemption Fee | N/A | 1.00% | 2.00% | N/A |
Related Fees
Turnover provides investors a proxy for the trading fees incurred by mutual fund managers who frequently adjust position allocations. Higher turnover means higher trading fees.
MPUSX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
---|---|---|---|---|
Turnover | N/A | 0.20% | 314.00% | 24.89% |
MPUSX - Distributions
Dividend Yield Analysis
MPUSX | Category Low | Category High | MPUSX % Rank | |
---|---|---|---|---|
Dividend Yield | 0.51% | 0.00% | 12.27% | 15.96% |
Dividend Distribution Analysis
MPUSX | Category Low | Category High | Category Mod | |
---|---|---|---|---|
Dividend Distribution Frequency | Annually | Annually | Quarterly | Annually |
Net Income Ratio Analysis
MPUSX | Category Low | Category High | MPUSX % Rank | |
---|---|---|---|---|
Net Income Ratio | 0.75% | -2.40% | 2.49% | 22.08% |
Capital Gain Distribution Analysis
MPUSX | Category Low | Category High | Capital Mode | |
---|---|---|---|---|
Capital Gain Distribution Frequency | Annually | Annually | Annually |
Distributions History
Date | Amount | Type |
---|---|---|
Dec 31, 2021 | $0.040 | OrdinaryDividend |
Dec 31, 2020 | $0.036 | OrdinaryDividend |
Dec 31, 2019 | $0.128 | OrdinaryDividend |
Dec 23, 2019 | $0.322 | OrdinaryDividend |
MPUSX - Fund Manager Analysis
Managers
Brendan Baker
Start Date
Tenure
Tenure Rank
Dec 17, 2018
3.45
3.5%
Mr. Baker has a BA in History and an MSc in Economics from the University of London. He commenced his career as a financial journalist covering small cap stocks quoted on the London Stock Exchange. On completing his MSc, Mr. Baker moved to Lombard Street Research, a leading UK economics consultancy. As a Senior Economist there, he worked on global economic analysis and financial markets strategy. He joined Mondrian in 2001. Previously at Mondrian he worked on International and Global Equity strategies. From 2014 he focused on the analysis of US small cap equities and established Mondrian’s US Small Cap strategy in 2015.
Alastair Cornwell
Start Date
Tenure
Tenure Rank
Dec 17, 2018
3.45
3.5%
Mr. Cornwell graduated from Imperial College, London with a BSc (Hons) degree in Physics. He started his career at Mondrian in 2008 as an Investment Administrator, before joining the Small Capitalization Team in 2010. Mr. Cornwell is a CFA Charterholder and a member of the CFA Institute and the CFA Society of the UK.
Tenure Analysis
Category Low | Category High | Category Average | Category Mode |
---|---|---|---|
0.08 | 49.61 | 6.99 | 2.58 |